← MICROCHIP TECHNOLOGY INC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $164.6m | $255.4m | $355.9m | $570.6m | $349.4m | $1.3b | $2.2b | $1.9b | ($500k) | $230.0m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $164.6m | $255.4m | $355.9m | $570.6m | $349.4m | $1.3b | $2.2b | $1.9b | ($2.7m) | $118.8m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $164.6m | $255.4m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $170.6m | $255.4m | $355.9m | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $170.6m | $255.4m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($6.0m) | $0 | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | $0 | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $0 | $0 | — | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $469.2m | $615.9m | $876.4m | $1.2b | $1.2b | $1.1b | $998.4m | $879.5m | $750.1m | $689.3m | |
| Depreciation | $122.9m | $123.7m | $180.6m | $168.9m | $160.6m | $209.1m | $244.7m | $190.4m | $165.8m | $155.0m | |
| Amortization of Debt Issuance Costs | $4.5m | $6.6m | $16.5m | $17.1m | $17.1m | $11.5m | $9.5m | $7.3m | $7.8m | $5.9m | |
| Amortization of Intangible Assets | $346.3m | $492.2m | $695.8m | $1.0b | $992.7m | $934.4m | $753.7m | $689.1m | $584.3m | $534.3m | |
| Deferred Income Tax Expense (Benefit) | ($126.9m) | $51.2m | ($62.2m) | ($490.3m) | ($138.9m) | $7.9m | $205.5m | ($27.2m) | ($143.3m) | ($64.6m) | |
| Share-based Payment Arrangement, Noncash Expense | $128.2m | $93.2m | $166.4m | $170.2m | $198.3m | $210.2m | $170.4m | $177.5m | $180.4m | $255.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $58.4m | $44.4m | $71.8m | $68.1m | $64.6m | $84.2m | $75.8m | $61.1m | $57.6m | $51.4m | |
| Share-based Payment Arrangement, Expense | $128.2m | $93.2m | $166.4m | $170.2m | $198.3m | $210.2m | $170.4m | $177.5m | $180.4m | $255.4m | |
| Goodwill, Impairment Loss | — | — | $0 | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | $11.9m | $500k | $3.1m | $2.2m | $0 | $3.0m | $1.8m | $1.8m | $0 | $4.1m | |
| Impairment of Intangible Assets, Finite-lived | $11.9m | $500k | $3.1m | $2.2m | $0 | $3.0m | $1.8m | $1.8m | $0 | $4.1m | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | $18.0m | $15.0m | $21.1m | — | — | — | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | $468k | $0 | $0 | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($2.6m) | ($100k) | ($800k) | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Other Assets | — | $4.4m | $0 | $1.5m | $5.8m | $7.9m | — | — | $0 | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $78k | $5.9m | $0 | $2.2m | $7.1m | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | ($43.9m) | ($16.0m) | ($12.6m) | ($5.4m) | ($299.6m) | ($113.4m) | ($8.3m) | ($12.2m) | ($1.7m) | $0 | |
| Income (Loss) from Equity Method Investments | ($222k) | ($200k) | ($200k) | $0 | $0 | — | — | — | — | — | |
| Income Tax Expense (Benefit) | ($80.8m) | $481.9m | ($151.4m) | ($420.2m) | ($9.9m) | $197.0m | $672.0m | $459.0m | $39.4m | $43.5m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $259.2m | $221.3m | |
| Other Nonoperating Income (Expense) | $1.3m | ($5.8m) | ($2.2m) | $3.2m | ($3.8m) | $2.8m | $3.8m | ($2.2m) | ($5.7m) | ($6.7m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Non-cash transactions: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $46.8m | $85.3m | ($238.8m) | $53.3m | $63.7m | $74.9m | $232.7m | ($161.6m) | ($454.0m) | $204.5m | |
| Increase (Decrease) in Inventories | ($223.7m) | $59.2m | ($341.6m) | ($28.8m) | ($18.4m) | $177.8m | $483.2m | ($12.8m) | ($31.6m) | ($264.3m) | |
| Debt and Equity Securities, Gain (Loss) | — | — | — | $2.5m | $200k | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $1.0m | $9.3m | $1.7m | — | — | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | $0 | $0 | — | ($15.7m) | ($200k) | ($12.5m) | — | — | ($1.0m) | ($2.1m) | |
| Goodwill | $2.3b | $2.3b | $6.7b | $6.7b | $6.7b | $6.7b | $6.7b | $6.7b | $6.7b | $6.7b | |
| Investment Income, Interest | $3.1m | $22.0m | $8.1m | $2.8m | $1.7m | $500k | $2.1m | $7.6m | $9.2m | $11.4m | |
| Operating Expenses | $1.5b | $1.5b | $2.2b | $2.6b | $2.4b | $2.6b | $2.6b | $2.4b | $2.2b | $2.2b | |
| Payments of Financing Costs | $36.9m | $1.2m | $72.7m | $8.9m | $21.2m | $8.5m | $0 | $3.0m | $19.7m | $16.6m | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $5.3b | — | — | — | — | — | — | — | |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | ($511k) | $0 | $0 | — | — | — | — | — | — | — | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $643k | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $1.1b | $1.4b | $1.7b | $1.5b | $1.9b | $2.8b | $3.6b | $2.9b | $898.1m | $962.1m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $75.3m | $206.8m | $228.9m | $67.6m | $92.6m | $370.1m | $486.2m | $285.1m | $126.0m | $91.1m | |
| Property, plant and equipment acquisitions funded by liabilities | — | — | — | $67.6m | $92.6m | $370.1m | $486.2m | $285.1m | $126.0m | $91.1m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $0 | $7.9b | $0 | $0 | — | — | — | — | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | — | ($2.4m) | ($1.3m) | |
| Net Cash Provided by (Used in) Investing Activities | ($2.8b) | ($1.0b) | ($6.8b) | ($133.2m) | ($173.3m) | ($477.7m) | ($599.5m) | ($392.1m) | ($287.8m) | ($195.5m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | $786.7m | $78.0m | $0 | $0 | — | — | — | — | — | |
| Repayments of Long-term Debt | $0 | — | — | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | $42.2m | $42.0m | $42.6m | $58.8m | $60.3m | $70.5m | $82.3m | $82.1m | $65.4m | $61.7m | |
| Payments for Repurchase of Common Stock | $0 | $0 | — | $0 | $0 | $425.6m | $945.8m | $982.1m | $96.5m | $0 | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | — | — | $911.5m | $975.7m | $984.0m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | — | ($5.6m) | ($3.3m) | |
| Net Cash Provided by (Used in) Financing Activities | $595.5m | ($415.3m) | $4.7b | ($1.4b) | ($1.9b) | ($2.3b) | ($3.1b) | ($2.4b) | ($158.3m) | ($1.3b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $0 | — | — | — | — | — | — | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($1.2b) | ($7.4m) | ($472.7m) | ($27.6m) | ($121.0m) | $37.4m | ($83.4m) | $85.7m | $452.0m | ($531.4m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $428.6m | $401.0m | $280.0m | $317.4m | $234.0m | $319.7m | $771.7m | $240.3m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $85.3m | $347.9m | $355.2m | $265.4m | $207.8m | $181.5m | $191.2m | $236.2m | $211.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.